SEARCH   
MEMBER LOGIN    

Hearing Aid Clinics in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hearing Aid Clinics Market Research Report | Life Sciences | Healthcare Services | Mar 2016

All ears: An aging population and greater healthcare access will ring in demand

IBISWorld’s Hearing Aid Clinics market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Amplifon USA Amplifon USA market share
Sonova Sonova market share
Starkey Starkey market share
William Demant William Demant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
2.9%
Annual Growth 16-21
Purchase to read more
Profit
Purchase to read more
Employment
11,728
Businesses
2,849
Industry Analysis & Industry Trends

The Hearing Aid Clinics industry is expected to grow during the five years to 2016. Following a multiyear drop during the recession, the industry has rebounded thanks to beneficial demographic trends, the expansion of private healthcare coverage and, ultimately, the improving economy. Because Medicare, the government-funded health insurance program that provides coverage for adults over the age of 65, does not cover hearing aids, out-of-pocket payments for industry products have remained important during the five years to 2016. Consequently, the rise in disposable income has benefited industry operators during this period. The persistence of current trends is expected to further grow the industry over the next five years.... purchase to read more

Industry Report - Industry Investment Chapter

The Hearing Aid Clinics industry has a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, industry operators will allocate just $0.07 to capital investment. Although the industry’s products are technologically advanced, their sale is fairly straightforward. Hearing aid clinics require machines to test hearing acuity and to repair defective hearing aids, in addition to computers and software to bill patients and insurance companies. Industry operators, however, are largely dependent on labor. Audiologists require a high level of skill and training to operate machines that test hearing. The cost of labor relative to the cost of machines is high; IBISWorld estimates that in 2016, wages will account for 23.9% of industry revenue... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hearing Aid Clinics Industry?

This industry retails hearing aids for consumers of all demographics and ages. Industry operators also frequently provide hearing tests and consultation services within the store.

Industry Products
Analog hearing aidsDigital hearing aidsBatteries and accessories
 
Industry Activities
Selling hearing aid devicesProviding audiology examinationsProviding hearing consultation services


View Sample
Quote
Select Clients